Log in

DEVELOPMENT

George Oliver selects Camelback Corridor for next office transformation

Posted 6/30/22

Phoenix-based developer George Oliver has purchased Biltmore Commerce Center, a landmark building in the heart of metro Phoenix’s Camelback Corridor, for its latest office transformation.

You must be a member to read this story.

Join our family of readers for as little as $5 per month and support local, unbiased journalism.


Already have an account? Log in to continue.

Current print subscribers can create a free account by clicking here

Otherwise, follow the link below to join.

To Our Valued Readers –

Visitors to our website will be limited to five stories per month unless they opt to subscribe. The five stories do not include our exclusive content written by our journalists.

For $6.99, less than 20 cents a day, digital subscribers will receive unlimited access to YourValley.net, including exclusive content from our newsroom and access to our Daily Independent e-edition.

Our commitment to balanced, fair reporting and local coverage provides insight and perspective not found anywhere else.

Your financial commitment will help to preserve the kind of honest journalism produced by our reporters and editors. We trust you agree that independent journalism is an essential component of our democracy. Please click here to subscribe.

Sincerely,
Charlene Bisson, Publisher, Independent Newsmedia

Please log in to continue

Log in
I am anchor
DEVELOPMENT

George Oliver selects Camelback Corridor for next office transformation

Posted

Phoenix-based developer George Oliver has purchased Biltmore Commerce Center, a landmark building in the heart of metro Phoenix’s Camelback Corridor, for its latest office transformation.

The acquisition marks George Oliver’s sixth experiential office project in the Valley in just over three years, continuing its vision of reimagining prime urban office assets with a high-touch design and an amenity package focused on the health and well-being of employees.

Biltmore Commerce Center is located at 3200 E. Camelback Road in Phoenix, on the northeast corner of Camelback Road and 32nd Street. It sits within one of metro Phoenix’s most popular office corridors, with prime access to a diverse labor pool, abundant housing and a market-leading hospitality and restaurant base.

George Oliver will deploy more than $52 million in capital improvements at the 3200 building, reimagining the asset with its trademark experiential office approach and property-specific improvements reflecting the high-end demographics of the location. This includes flexible, open-planned workspaces finished with a refined material palette and infused with resort-style health-and-wellness amenities.

Delivered to market in 1985, Biltmore Commerce Center totals 260,878 square feet with three stories. Key features include a three-story central atrium, large floorplates, multiple common areas and outdoor amenity spaces, conference facilities and a bronze-colored metal building exterior that serves as a striking identifier within the market. The building sits across the street from Biltmore Plaza shopping center, minutes from Biltmore Fashion Park and extensive dining options, and at the center of executive and new luxury multifamily housing options.

JLL Senior Directors Ben Geelan and Will Mast represented the sellers, a joint venture of Lincoln Property Company and Oaktree Capital Management.

The design and architecture for the 3200 building will be led by George Oliver Design. JLL Managing Director Ryan Timpani will serve as the project’s exclusive leasing broker. Arcadia Management Group will serve as the on-site property manager.

Visit georgeoliver.com.